Company briefs: China Minzhong Food Corp

China Minzhong Food Corp

Chinese vegetable processor China Minzhong Food Corp posted a 54.6 per cent slump in third-quarter net profit to 49.1 million yuan.

Revenue for the three months to March 31 dipped 7.1 per cent to 451.4 million yuan, compared with the same period a year ago on the back of lower sales from its branded business segment.

Quarterly earnings per share was 0.07 yuan, down from 0.16 yuan in the same period a year ago.

Net asset value stood at 8.21 yuan as at March 31, up from 7.98 yuan as at June 30 last year.


Sunningdale Tech

Plastic parts manufacturer Sunningdale Tech posted a 49.3 per cent slump in its first-quarter net profit to $3.6 million.

Revenue for the three months to March 31 inched up 4.4 per cent to $161.3 million, compared with the same period a year earlier. This was on the back of organic growth, with more orders from current customers and projects.

Quarterly earnings per share was 1.92 cents, down from 3.8 cents a year ago.

Net asset value per share was $1.77 as at March 31, unchanged as at Dec 31 last year.


Sing Investments & Finance

Sing Investments & Finance's first-quarter net profit dipped 3.6 per cent to $2.5 million.

Net interest income and hiring charges rose 13.4 per cent to $9.1 million for the three months to March 31, compared with the same period a year earlier.

Interest income and hiring charges grew 34 per cent, driven by higher loan volume, partly offset by interest expense soaring 63.7 per cent, from a higher deposit base and rates.

Annualised earnings per share fell to 6.35 cents from 6.59 cents previously while net asset value per share inched up to $2.06 as at March 31, compared with $1.98 as at Dec 31.

A version of this article appeared in the print edition of The Straits Times on April 26, 2016, with the headline 'Company briefs: China Minzhong Food Corp'. Print Edition | Subscribe